Which of these firms have a low supplier power?
a. Pharmaceutical firms
b. Semiconductor firms
c. Car Dealerships
d. Software firms
c
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The Canadian health care system _____
a. is an example of a single-payer system b. provides universal coverage c. rations the use of specialists d. all of the above
When demand is elastic,
A) changes in price and changes in total revenue move in the same direction. B) there is no relationship between changes in price and changes in total revenue. C) changes in price and changes in total revenue move in opposite directions. D) for any change in price, total revenue will not change.
A corporation's earnings are the amount of revenue it receives for the sale of its products
a. minus its cost of production as measured by its accountants. Earnings must be paid out as dividends. b. minus its cost of production as measured by its accountants. Earnings may be paid out as dividends or retained by the corporation. c. minus its direct and indirect costs as measured by its economists. Earnings must be paid out as dividends. d. minus its direct and indirect cost as measure by its economists. Earnings may be paid out as dividends or retained by the corporation.
Which statement about democratic countries is true?
a. They can boost their economic growth by pursuing sound policies. b. They will become authoritarian if their economic growth declines. c. They enjoy consistent economic growth under most circumstances. d. They struggle to achieve meaningful economic growth.